Average Electrical Engineers Salary in Binghamton, NY
Electrical Engineers in Binghamton, NY, command an impressive average annual salary of $126,030, notably exceeding the national average of $121,030. This localized premium is often driven by a confluence of factors, including specialized industry demands within the region and a potentially more concentrated pool of talent, which can elevate compensation for skilled professionals.
Executive Summary
- Average Salary: $126,030 per year.
- Growth Trend: Salaries have shifted 30.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,260.
- Outlook: The Binghamton, NY job market for Electrical Engineers appears robust, characterized by a total local workforce of 290 professionals. With a Location Quotient of 2.5, indicating a concentration significantly higher than the national average, demand for these specialized skills is demonstrably strong within the region, suggesting a healthy and active job market.
Salary Overview
The average Electrical Engineers in Binghamton, NY earns+4.1%above the national average.
$60.6
$2,424
$10,503
Electrical Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Electrical Engineer salaries in Binghamton, NY, have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for technological infrastructure, and advancements in electrical engineering fields likely contribute to a positive salary trajectory.
Electrical Engineers Salary Distribution in Binghamton, NY
Salary progression for Electrical Engineers in Binghamton, NY, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while senior engineers with extensive expertise and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior salaries reflects the substantial career growth and increased responsibility associated with advancing through the ranks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $79,030 | $38 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $94,523 | $45.4 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $120,440 | $57.9 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $157,538 | $75.7 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $178,260 | $85.7 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$126,030
Gross Pay
Real Wage (Purchasing Power)
$126,030
Adjusted for COL (100)
For Electrical Engineers considering a move to Binghamton, NY, the nominal salary of $126,030 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Electrical Engineer's salary in Binghamton is equivalent to the national average, offering a stable financial foundation without the added pressure of a higher cost of living.
Job Market Context
290
Total Jobs
3.058
Per 1K Jobs
2.5
Location Quotient
Binghamton, NY has 2.5x the national concentration of Electrical Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.5 for Electrical Engineers in Binghamton, NY, signifies a highly concentrated job market. This suggests that the demand for Electrical Engineers in Binghamton is more than double the national average relative to the overall workforce, indicating a competitive environment where specialized skills are highly valued and sought after.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Electrical Engineers Salary | $113,460↓ 10% | 39 mi |
| Southwest New York nonmetropolitan area Electrical Engineers Salary | $108,060↓ 14% | 49 mi |
| Central East New York nonmetropolitan area Electrical Engineers Salary | $100,810↓ 20% | 49 mi |
| Capital/Northern New York nonmetropolitan area Electrical Engineers Salary | $98,170↓ 22% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Binghamton, NY?
The median annual salary for a Electrical Engineers in Binghamton, NY is $126,030. This typically ranges from $79,030 for entry-level positions to $178,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 4.1% higher than the national median of $121,030.
Is Binghamton, NY a lucrative place for Electrical Engineers?
Yes, Binghamton, NY offers a lucrative environment for Electrical Engineers.The average salary of $126,030 significantly surpasses the national average, and the high concentration of Electrical Engineers (LQ of 2.5) indicates strong regional demand.
Is Binghamton, NY a good place to live for Electrical Engineers?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($113,460) and Southwest New York nonmetropolitan area.
How does the Binghamton Electrical Engineer salary compare to the national average?
The average annual salary for Electrical Engineers in Binghamton, NY, is $126,030, which is $5,000 higher than the national average of $121,030.
What is the job market like for Electrical Engineers in Binghamton, NY?
The job market is robust, with a Location Quotient of 2.5, indicating a significantly higher concentration of Electrical Engineers than the national average, suggesting strong demand.
Does the cost of living in Binghamton, NY affect the Electrical Engineer salary?
No, the cost of living in Binghamton is at the national average (index of 100), meaning the $126,030 salary offers purchasing power equivalent to the national average.
How many Electrical Engineers are there in Binghamton, NY?
There are approximately 290 Electrical Engineers working in Binghamton, NY, representing 3.058 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Binghamton, NY area with a job density of 3.058 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY